AUDJPY: Bullish Technical Analysis

In the short term, it might be interesting to follow the AUDJPY pair on intraday charts. If we look at 1H time frame, the trend is bullish and should somehow manage to reach the area around 94. With this in mind, a "buy the dip" should be the correct interpretation.

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Comentarios:

Operación cerrada: objetivo alcanzado:

Chart:

Comentarios:

Trend is still bullish

Operación cerrada: objetivo alcanzado:

Target 2 hit !

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🔴At the moment the trend still remains bullish, but the pair seems to want to form a cap (temporary?) around our Target 2. If we look up, we have a resistance area around 95.50 and potential Target 3 at 96.30. At the moment the supports are quite far away on intraday chart (dashed trendline) and from our point of view, the daily closure will be very important.
📊Chart:

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Operación cerrada: objetivo alcanzado:

Target hit!

Comentarios:

It's still bullish...